You shouldn't be trying to create a system where no bank fails, but you should be creating one that catches a bank and allows it to fail without impacting the financial markets.
Every time a bank lends money on a mortgage they're taking risk: Liquidity risk - what if the depositor wants their money back before the borrower repays it? Credit risk - will the person be able to...
In our equities business, 49 of the 50 most important Lehman clients are back doing business with us. The flows are 75 to 80 per cent of what they were prior to the bankruptcy. The issues which...
Welcome to this year's Global Economic Outlook. I'm Martin Wolf from the Financial Times. It's been my great pleasure and privilege to moderate this session for a little while,...